COVID-19 Impact on Income Tax Return and GST Return Filing

In the midst of the total shutdown in nearly the whole nation as a careful step against the COVID-19 (Novel Coronavirus) infection, the Union Finance Minister of India Mrs. Nirmala Sitharaman had declared different measures on 24th March 2020 to battle the economic slowdown in India. Different reliefs in compliance and filing extension set forth by our Union Finance Minister would assist the country with fighting the troublesome economic conditions. We are going to brief you about the different due dates that have been extended, penal interest rates which have been reduced, additional charges deferred off, and substantially more.

Extended Due Dates

Following due dates under immediate and indirect taxes have been extended to 30th June 2020.

Income Tax

Last date of filing Income Tax Return (ITR) for Financial Year 2018-19.